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Dan Karr, Founder and CEO

Presentation to NAIC, D Committee - December 2016

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Page 1: Presentation to NAIC, D Committee - December 2016

Dan Karr, Founder and CEO

Page 2: Presentation to NAIC, D Committee - December 2016
Page 3: Presentation to NAIC, D Committee - December 2016

“Carfax for Insurance” Forbes

Page 4: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

Press Coverage

Page 5: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

Awards Won

$120,000 BizSpark Plus

Award

Nearly $250,000 in awards won

Page 6: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

Data Mining/ AnalyticsUser Surveys

Insurance

Other Markets

Page 7: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

ValChoiceFounder• Silicon Valley CEO, VP marketing and sales• Background in mathematics & engineering• Startup to multi-billion dollar valuation, twice

Advisors• Founder and CEO that has built and sold data companies• Insurance industry insiders

Page 8: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

$750 billion per Year Mandated Spending

Amount Rapidly Increasing

The Consumer Problem

Page 9: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

The Consumer Problem2000 to 2015 Average % Change

Data source: iii.org* Federal Reserve Board

*

Page 10: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

The Insurer ProblemLack of

Differentiation

Page 11: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

Solution: Differentiation

Page 12: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

The Universal Problem

No Independent, Unbiased, Performance Metrics

Page 13: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

ValChoice

Price

Protection

Service

The only service that measures auto and home insurance for

Page 14: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

The Consumer

Cute Jingles

Catchy Phrases

Page 15: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

The Solution/ServiceFree for every

consumerAlso Available

Comparisons

Trends

Best companies

Details

Page 16: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

What CustomersAre Saying

“I saved $2,781 per year on my car insurance.”David W., New Hampshire

Page 17: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

Free Reports for Every Consumer

Easy-to-understand

Help consumers make better decisions

Promote competition

Page 18: Presentation to NAIC, D Committee - December 2016

Why We Should Work Together to Deliver

Transparency

Page 19: Presentation to NAIC, D Committee - December 2016

Why We Should Work Together to Deliver

TransparencyTransparency Promotes Competition in Both

Price and Service

Page 20: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

TransparencyAligns Values Creates Opportunity

Page 21: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

Airlines as an Example

Page 22: Presentation to NAIC, D Committee - December 2016

© ValChoice 2016

Helping in Your State• Helping your constituents by promoting

competitiono Controlling priceso Enhancing service levelso Minimizing claims issueso Free service for consumers

• Working togethero Unique data analysis for early identification of trends and issueso Hand me your business card

Page 23: Presentation to NAIC, D Committee - December 2016